Coming off of February, which is typically the slowest month of the year, the report expects to be March much better, with retailers starting to stock up for spring and summer.
The House Transportation and Infrastructure (T&I) breathed a collective sigh of relief last week, following the European Union’s (EU) reported agreement to reverse its plan to impose a carbon tax on non-EU carriers operating long haul flights in and out of Europe.
Freight market conditions for February showed a bit of an upswing in the most recent edition of the Cass Freight Index Report from Cass Information Systems Inc.
Continuing its focus on sustainability and fuel efficiency, UPS announced this week that it intends to make a $70 million investment to purchase 1,000 propane package delivery trucks, as well as install fueling stations at 50 of its locations.
Carloads—at 1,100,858—were down 1.1 percent annually. Intermodal—at 993,807 trailers and containers—was up 1.1 percent compared to February 2013 and marks the 51st consecutive annual monthly increase for intermodal volume, according to the AAR.